MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit | Nieuws | Europees Parlement

 

MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 

Persbericht 
 
 
  • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
  • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
  • New EU revenue agreed in legally binding roadmap from 2020 

On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


Paying back debt owed on the recovery plan


The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


Prevent excessively high rebates for some member states


Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


Quotes


José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


Next steps


Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


Background


In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


Responding to the concerns of citizens


With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


 
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    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 

    Persbericht 
     
     
    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


     
     

    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 

    Persbericht 
     
     

    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 

    Persbericht 
     
     
     

    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 

    Persbericht 
     

    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 

    Persbericht 
     

    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 

    Persbericht 
     

    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 

    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 
    MEPs clear way for new EU revenue, call on EU countries to swiftly follow suit 
    Persbericht 
     
    Persbericht 
    Persbericht  Plenaire vergadering  Plenaire vergadering  BUDG  BUDGBUDG 
     
     
     
    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


     
     
    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


     
     
     

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    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 
    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 
    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 
    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 
    • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    • New EU revenue agreed in legally binding roadmap from 2020 
  • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
  • New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
    New EU revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and on corporate profits 
  • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
  • Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
    Funds urgently needed to repay debts from Next Generation EU recovery fund borrowing 
  • New EU revenue agreed in legally binding roadmap from 2020 
  • New EU revenue agreed in legally binding roadmap from 2020 
    New EU revenue agreed in legally binding roadmap from 2020 

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    On Thursday, Parliament paved the way for introducing the next generation of “own resources”, sources of revenue for the EU budget.

    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”


    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.


    Responding to the concerns of citizens


    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).


    With 399 votes in favour, 138 against and 61 abstentions, Parliament has taken an important step towards implementing an amendment to the law governing the EU’s revenue, the so-called “Own Resources Decision” (ORD). This amendment, once adopted by Council and ratified by all member states, will introduce three new sources of income: revenue from emissions trading (ETS); the resources generated by the proposed EU carbon border adjustment mechanism (CBAM); and a temporary statistical own resource based on corporate profits.

    amendmentOwn Resources Decisionthree new sourcesETSCBAM


    Paying back debt owed on the recovery plan


    Paying back debt owed on the recovery plan


    The proceeds from the new “Own Resources” will be essential to repay the debt under the EU’s recovery plan, especially with rising interest rates having a heavy impact on the EU budget. With the new revenue, the EU budget could be financed reliably on a long-term basis and also fund new priorities while avoiding having to reduce existing EU programmes and policies, MEPs say.

    recovery planheavy impact on the EU budget


    Prevent excessively high rebates for some member states


    Prevent excessively high rebates for some member states


    Against the background of high inflation, temporary reductions in the form of lump sums for Denmark, Germany, the Netherlands, Austria and Sweden, from which they benefit for the period 2020-2027, have increased unexpectedly and disproportionately. MEPs therefore demand that these lump sums be adjusted annually as is the EU budget, i.e. on the basis of a fixed deflator of 2% per year.


    Quotes


    Quotes


    José Manuel Fernandes (EPP, PT), co-rapporteur: “We need new own resources to respond effectively to future crises and uphold the EU’s commitments to European citizens, all without burdening future generations with debt. Without these, EU programmes are slated to face cuts exceeding €15 billion annually. To avoid that, we are left with two options: either increasing Member States' contributions to the EU budget, thereby burdening citizens, or approving new own resources. The latter is the preferred path forward, and the Council must address this with the utmost urgency.”

    José Manuel Fernandes

    Valérie Hayer (RENEW, FR), co-rapporteur: "Time is running out and the Council must speed up. I call on it to agree on this package as swiftly as possible. Europe cannot rely on Orbán's Council presidency in 2024 when it comes to social justice; it simply won't happen!"

    Valérie Hayer


    Next steps


    Next steps


    Now that Parliament has approved this opinion under the consultation procedure, the Council of the EU has to endorse the proposals unanimously. Member states then have to ratify any new Own Resources Decision.

    consultation procedureratifyOwn Resources Decision


    Background


    Background


    In 2020, along with the current long-term EU budget (multi-annual financial framework 2021-2027), the EU institutions agreed on a legally binding roadmap introducing new sources of EU revenue. On that basis, the plastics own resource, introduced in 2021, was the first new source of EU revenue since 1988. At the end of 2021, the Commission proposed three further own resources, updated in June 2023, but which EU countries have not yet adopted. MEPs urged member states to adopt the new EU income streams before EU elections in 2024.

    legally binding roadmap introducing new sources of EU revenueplastics own resourceupdated in June 2023urged member states to adopt the new EU income streams before EU elections in 2024

    Responding to the concerns of citizens

    Responding to the concerns of citizens

    With its position adopted today, Parliament responds to demands of citizens put forward in the conclusions of the Conference of the Future of Europe, notably in proposal 16 on Fiscal and tax policies (paragraph 5).

    proposal 16 on Fiscal and tax policies

    Contact: 

    Contact: 
    Contact: 
  • Armin WISDORFF 

    Armin WISDORFF Armin WISDORFF 
    Press Officer 
    Press Officer Press Officer 
    Contactgegevens: 
    Contactgegevens: 
  • Telefoonnummer: (+32) 2 28 40924 (BXL) 
  • Telefoonnummer: (+32) 2 28 40924 (BXL) Telefoonnummer: (+32) 2 28 40924 (BXL)Telefoonnummer: (BXL) 
  • Telefoonnummer: (+33) 3 881 73780 (STR) 
  • Telefoonnummer: (+33) 3 881 73780 (STR) Telefoonnummer: (+33) 3 881 73780 (STR)Telefoonnummer: (STR) 
  • Mobiel telefoonnummer: (+32) 498 98 13 45 
  • Mobiel telefoonnummer: (+32) 498 98 13 45 Mobiel telefoonnummer: (+32) 498 98 13 45Mobiel telefoonnummer:  
  • E-mail: armin.wisdorff@europarl.europa.eu 
  • E-mail: armin.wisdorff@europarl.europa.eu E-mail: armin.wisdorff@europarl.europa.euE-mail:  
  • E-mail: budg-press@europarl.europa.eu 
  • E-mail: budg-press@europarl.europa.eu E-mail: budg-press@europarl.europa.euE-mail:  
  • Twitteraccount: @EP_Budgets 
  • Twitteraccount: @EP_Budgets Twitteraccount: @EP_BudgetsTwitteraccount:  
     
     

    Further information 

    Further information 
    Further information 
  • Committee on Budgets  Committee on Budgets 
  • EP Think Tank - “System of own resources of the European Union: Amended legislative proposal” (06.11.2023)   EP Think Tank - “System of own resources of the European Union: Amended legislative proposal” (06.11.2023)  
  • EP Think Tank Briefing: “An estimate of the European Union’s long-term borrowing cost bill” (19/10/2023)  EP Think Tank Briefing: “An estimate of the European Union’s long-term borrowing cost bill” (19/10/2023) 
  • Fact Sheets on the European Union: The Union’s revenue  Fact Sheets on the European Union: The Union’s revenue 
  • Press release: “MEPs urge member states to adopt EU income streams proposed by the Commission before EU elections in 2024” (20/06/2023)  Press release: “MEPs urge member states to adopt EU income streams proposed by the Commission before EU elections in 2024” (20/06/2023) 
  • Press release: “EU revenue: a new start for EU finances, a new start for Europe” (10/05/2023)  Press release: “EU revenue: a new start for EU finances, a new start for Europe” (10/05/2023) 
  • EP resolution “on own resources: a new start for EU finances, a new start for Europe” (10/05/2023)  EP resolution “on own resources: a new start for EU finances, a new start for Europe” (10/05/2023) 
  • Press release: “Repaying the recovery plan: 2024 EU budget under pressure” (10/05/2023)  Press release: “Repaying the recovery plan: 2024 EU budget under pressure” (10/05/2023) 
  • EP resolution “on the impact on the 2024 EU budget of increasing European Union Recovery Instrument borrowing costs” (10/05/2023)  EP resolution “on the impact on the 2024 EU budget of increasing European Union Recovery Instrument borrowing costs” (10/05/2023) 
     
     
     
     
     

    Productinformatie 

    REF.:  20231106IPR09027 

    Productinformatie 

    Productinformatie 
    Productinformatie 
    Productinformatie 
    REF.:  20231106IPR09027 
    REF.:  20231106IPR09027 
    REF.: REF.:REF.: 20231106IPR09027 20231106IPR09027 

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